Offshore Construction All Risks Insurance offers coverage for physical damage or loss to contract works and Third Party Liabilities under the following two sections.
SECTION – I covers All Risks of Physical Loss or Damage to contract works, including temporary works. The Cover would include Builders Risks and cargo coverage, Sue and labor and removal of wreck for a separate limit, Removal of wreck and debris separate limit, Existing property , Expediting expenses, War etc. subject to waterborne agreement and Maintenance period.
SECTION – II covers Third party liabilities arising from operations for an agreed limit.
Rates, terms and conditions are influenced by trends in international market and based on following underwriting information:
AWNIC can assist Oil Companies and Offshore Contractors with advice on suitable covers in this regard. Please contact us on Telephone for more information or ask for call back.